Nevsun Resources Given New C$5.50 Price Target at RBC Capit
Nevsun Resources (TSE:NSU) had its price objective hosited by RBC Capital from C$5.40 to C$5.50 in a report released on Friday,
MarketBeat reports. RBC Capital currently has a sector perform rating on the stock.
RBC Capital has also updated their ratings on a number of other stocks in the last week. The firm reiterated its underperform rating on shares of British American Tobacco plc. They have a GBX 3,100 ($48.38) price target on that stock. Also, RBC Capital reiterated its underperform rating on shares of SABMiller plc. They have a GBX 3,200 ($49.94) price target on that stock. Finally, RBC Capital raised its price target on shares of Descartes Systems
Group Inc from $18.00 to $19.00.
A number of other firms have also recently commented on NSU. Analysts at Raymond James lowered their price target on shares of Nevsun Resources from C$5.50 to C$5.25 in a research note on Tuesday, July 14th. Analysts at Canaccord Genuity lowered their price target on shares of Nevsun Resources to C$4.75 in a research note on Friday, July 3rd. Analysts at TD Securities raised their price target on shares of Nevsun Resources from C$5.25 to C$5.75 and gave the company a buy rating in a research note on Friday, May 1st. Finally, analysts at Scotiabank set a C$5.00 price target on shares of Nevsun Resources and gave the company a sector perform rating in a research note on Thursday, April 23rd. Four investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The stock presently has a consensus rating of Hold and a consensus price target of C$5.75.
Nevsun Resources (TSE:NSU) opened at 4.29 on Friday. Nevsun Resources has a one year low of $3.61 and a one year high of $5.35. The stock has a 50-day moving average of $4.73 and a 200-day moving average of $4.62. The company has a market cap of $856.53 million and a price-to-earnings ratio of 9.55.
The company also recently declared a dividend, which was paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th were given a dividend of $0.04 per share. The ex-dividend date of this dividend was Friday, June 26th.
Nevsun Resources Ltd. is a Canadian mineral resource company. The Company, through its subsidiaries is engaged in the acquisition, exploration, development, and production of mineral properties. Its primary operating asset is the Bisha Mine located on the Bisha Property with gold, silver and base metal (TSE:NSU) mineral resources and mineral reserves. In addition, the Company owns the Mogoraib exploration license containing 97.4 square kilometers of area located 16 kilometers southwest of the Bisha Mine, and a mining licence for the Harena deposit, located approximately 9 kilometers south of the Bisha Mine. The Bisha Mine is owned by BMSC, the voting securities of which are held 60% by the Company and 40% by ENAMCO. During the year ended December 31, 2012, diamond drilling programs were undertaken across Bisha Main, Bisha Hangingwall (HW) Copper, Harena and the Northwest (NW) Zone, for a total of approximately 115 holes and 19,432 meters.
Nevsun Resources Given New C$5.50 Price Target at RBC Capit